Who Owns You?-Debt Bondage and the Structure of Financial Empire

Here is the first segment of a video series that provides an excellent description of our current predicament and the system that dominates our lives. The series contains 6 lessons divided into 12 segments and pretty well explains many of the points that I’ve been trying get across about the money system and the power structure. It dispels the myth that ours is a government by the people and for the people. In reality, we, and all our governmental entities are in a state of debt bondage. Who are we in bondage to? Watch it and find out.

The author’s solutions, which are presented in Lesson 6, are well intended and in the right direction, but he seems to have a mistaken notion that sovereignty resides in the national government. I take issue with his advocacy of the “greenback solution” (https://beyondmoney.net/resource-links/take-back-the-money-power/), but aside from that, I’m in close agreement with everything he says.

This series takes about 2 hours to watch, but if you don’t have time to watch it all, or if you are already somewhat knowledgeable about these matters you should watch at least Lessons 1 and 6.

5 responses to “Who Owns You?-Debt Bondage and the Structure of Financial Empire”

I agree with Mr. Greco if you have not read the above article on his assessment of the monetary mess and what to do about it. Continuing to trust the banking authorities and their (official government money and legal tender laws) is tantamount to lead the people into further economic serfdom. This is where the wisdom of the late E.C. Riegel becomes quite helpful when wrestling with this subject. He said, among other things that there should have been and that there still needs to be a total separation of money and State. Also, that money has never enjoyed a free market, because political government has always interfered with its operation.” Government should not be the source of money but they should only be able to spend money after they have earned it like the rest of us! They sure interfered with Bernard von Nothaus didn’t they?

Hi Tom – I heard your interview with Bill Meyer this morning, and you are definitely on to something through the introduction of alternate currencies.

Surely you’ve heard of Bernard von Nothaus at Liberty Dollar, who had a partial chance but his error was stamping a face value on his “dollars”: bad move, especially when the goal is/was to completely _separate_ from the FRN eh?

So I designed a local silver round and called it the “Jefferson Round” for local merchants to have the option of accepting them for negotiated and agreed value for Partial payment (typically up to 50%) of the purchase.

If you don’t mind, I’d greatly appreciate your feedback (http://www.jeffersonrounds.com), and I look forward to hearing you speak a week from today here in Medford, Oregon.

Kevin, people have a right to use whatever they like as a medium of exchange. If they want to use silver rounds, that’s fine, but as I’ve told von Nothaus, if I buy silver it is to hedge against inflation of the dollar. I prefer to hold it rather than circulate it. For the exchange of value, we can use credit clearing associations, eventually keeping our accounts in units of silver weight. I wrote about this in my book, The End of Money and the Future of Civilization.

Thanks for the prompt reply, Tom, and I should now be configured for notification in the future. 🙂

Exploring the recommended “credit elearing associations” presents more than one concern:

1.) As the dollar deflates, where is the benefit of using such a dollar-based system?
2.) What is the contingency plan for the digitized currency if, God forbid, there was an electronic catastrophe that effectively wipes out the ‘memory’ of magnetized hard drives or if power was permanently interrupted?

1. You mean as the dollar is “debased,” as its purchasing power declines.
If the exchange uses dollar equivalent units, then balances will be similarly affected, but this is an exchange system, not designed for savings or finance, so balances should always be relatively small.
Eventually, exchanges can denominate their credits in an objective, non-political unit. (I’ve written a lot about that. Find it here on my blog and in my Money and Debt book.)
The main point of a credit clearing exchange is to utilize our own credit to transact business without having to get dollars, euros, etc. first from the banks.
2. Always keep paper records as a backup. We can always revert to accounting the old fashioned way.

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